Leadership

Vineet Mittal

Chairman, AVAADA Group

Visionary leadership & execution abilities are the two qualities that define Vineet.

Vineet Mittal is a serial entrepreneur who has built multiple large-scale businesses. After creating successful unicorns in the BPO and IT space, he floated Welspun Energy in 2010, becoming India’s largest renewable energy company with an installed base of 1.2 GW. In 2016, the platform was monetised successfully with the sale to Tata Power at a US $ 1.4 bn valuation. The Thermal power business of the group was also sold successfully to Adani Group.

He strongly believes that energy is inversely proportional to poverty. With increased energy access, India can overcome its poverty problems and provide its citizens with a better quality of life. Driven by his passion for sustainability and clean energy transition, in 2017, he floated the second platform and named it ‘Avaada’. Avaada means the promise of a sustainable future and comes from two words, ‘Ayurveda’ and ‘Vaada’, which means the science of life and promise, respectively.

Avaada Group is India’s leading integrated energy group with business interests in Solar Module Manufacturing, Electrolyser manufacturing and Green Ammonia production. We strongly believe India is uniquely positioned to grow significantly and become one of the top 3 economies globally in the current decade. We aim to work for Nation’s energy security and contribute positively to India’s growth story. We are completely aligned with the ‘Atmanirbhar Bharat’ vision of Hon’ble Prime Minister of India Shri Narendra Modi and feel that it is the only way to fulfill national ambitions in the current geopolitical landscape.

Avaada Group is an integrated energy platform with business interests ranging from manufacturing solar cells, modules and electrolysers to renewable power generation, green hydrogen, and green ammonia production. Avaada Group’s flagship company Avaada Energy is India’s fastest-growing renewable energy IPPs. Within five years of existence, it has developed an impressive portfolio and the firm plans to reach 11 GW by 2025 and 30 GW by 2030. Avaada Group’s solar manufacturing business comprises a state-of-the-art facility with an annual production capacity of 5 GW for cells and modules. The capacities are expected to get operational by early next year. By 2030, the group plans to scale up to 10 GW along with backward integration into polysilicon, ingots, and wafers.

Known for living a purposeful life, Mr Mittal got into Green Hydrogen / Ammonia and is expanding fast in space. With a cumulative capacity target of 4 MTPA by 2030, the company is working on developing a 1 MTPA Green Ammonia facility in India, which is expected to get operational by 2025-2026.

Mr Mittal is a strong proponent of advancing sustainability through robust business models. He has been actively advocating the concepts of Community Development Certificates (CDC) and Grow Forest Certificate (GFC) with the governments he developed. Both the instruments target creating a marketplace for achieving sustainability objectives of increasing forest cover, developing social infrastructure in terms of healthcare access, education, and so on through a strong incentive mechanism.

Mr Mittal is a regular speaker on clean energy transition at important national and international events. A leading and influential industry voice, he is a regular invitee in all policy consultations by bodies like Niti Aayog, Ministries and Govt. departments, etc.

An alumnus of Harvard Business School, Mr Mittal currently holds the position of Chairman of the CII sub-committee on Hydrogen usage and standards, Chair of the CII National Council on climate change and Chair of the ‘Make in India’ Task Force.  In 2012 and 2014, Vineet was conferred with the “Solar Man of the Year” title. He is an active member speaker at World Economic Forum. He is on B20’s task force for financing growth and infrastructure and Energy, Resource Efficiency & Sustainability. He is also the former India Chair of the World Business Council of Sustainable Development (WBCSD) ‘s Renewables Low Carbon Technology platform program.

Sindoor Mittal

Vice Chairperson

Sindoor is looked upon as an industry leader and is a Keynote speaker at multiple forums In the Renewable energy sector.

Sindoor Mittal is the Vice Chairperson of Avaada Group, India’s largest clean energy company. An
alumnus of Stanford Graduate School & ISB- Hyderabad, Sindoor has led the organization to become a
key player in India’s renewable energy space.
Sindoor started her career with a $500 million private equity fund. Her urge to become an entrepreneur
soon found its way into her quitting the job and starting her first business at the age of 24. She
spearheaded Equity fundraising by bringing marquee investors like PTT – Thailand, ADB, DEG, FMO &
Proparco to India through Avaada. She successfully handled the transaction of the organization’s ~1140
MW renewable portfolio to Tata Power. For her achievements in the area of entrepreneurship, Sindoor
has been conferred with “AsiaOne Young Asian Entrepreneurs 2019-20” & “Women Leader of the Year-
2018” award.
Sindoor is looked upon as an industry leader and is a Keynote speaker in leading forums. She has been a
Speaker at events like RE-INVEST, Economic Times’ Global Business Summit, IFC’s Climate Business
Forum. At the ‘Madhya Pradesh Investor Summit’ she shared the dias with the Honorable Prime
Minister Narendra Modi. She is an active participant at the World Economic Forum, Davos.
Sindoor focuses on strategy, leadership development, fundraising, and commissioning of the solar
energy capacities. In her pursuit, Sindoor has built a high performing team and partnerships with global
technology companies and system integrators from the energy sector. She believes that the
combination of a cohesive team with a strong focus on execution is the key to creating a successful
energy company.
Today she relentlessly pursues her belief that India can accelerate its growth through encouraging
greater economic participation by women. Sindoor is keenly involved in the company’s Corporate Social
Responsibility endeavor, which focuses on providing girl education, clean environment and health to the
communities in which they work.

T.R. Kishor Nair

Chief Operating Officer

Kishor is a dynamic personality known to lead his team and the organisation from the frontlines. An electrical engineer from Kerala University, he is strongly grounded in different aspects of the energy business – project management, strategic business planning and business development.
 
As the Chief Operating Officer at AVAADA, he is responsible for business strategy, business development, EPC & project management. During the last 9 years, he was responsible for developing ~2000 MW of renewable energy projects. With over 36 years of experience, he has global exposure in planning, monitoring and executing projects with leading companies such as NTPC, Bechtel and Reliance Power.
 
Kishor is a prolific speaker in the field of renewable energy.

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